José Francisco is 27 years old, is a father, and depends on agriculture to earn an income. He has been raising corn since he was very young and knows the development and harvest of this crop very well. He is asking for a loan of 250,000 Colones so that he can buy corn seed and farming supplies. He says that he is grateful for the opportunity of this loan.
José Francisco tiene 27 años de edad, es padre de familia, y depende de la agrícultura para obtener sus ingresos económicos, se ha dedicado desde muy jóven a la siembra de maíz por lo que conoce bien el proceso de desarrollo y cosecha de este producto. Está solicitando un préstamo de doscientos cincuenta mil colones exactos (¢250.000) para compra de semilla de maíz e insumos agrícolas, manifiesta su agradecimiento por la oportunidad de financiamiento que le brindan las empresas de apoyo comunal
More information about this loan
As a small and relatively young MFI located in Costa Rica, EDESA has difficulty attracting other sources of capital. Many other microfinance funders do not work in Costa Rica, because overall the country is too rich. However, organizations such as EDESA work with extremely marginalized populations in Costa Rica that really need the access to capital that EDESA provides. By funding EDESA, Kiva lenders are allowing the organization to grow and reach more people than they otherwise would be able to reach.